PERSONAL EMERGENCY RESPONSE SYSTEMS MARKET ANALYSIS

Market Challenges And Opportunities

Global Personal Emergency Response Systems Market – Driver

Increasing healthcare expenditure and increasing chronic diseases

Increase in the adoption of healthcare advancement with the increasing geriatric population can tend to drive the personal emergency response systems market. In December 2022, USAID (United State Agency International Development), an independent agency of the U.S. federal government that is primarily responsible for administering civilian foreign aid and development assistance, announced a US$ 415 Million Partnership with Five African Nations to accelerate Primary Health Care in Côte d’Ivoire, Ghana, Kenya, Malawi, and Nigeria. Resilient primary healthcare-oriented health systems, anchored by a robust and well-supported health workforce, can improve life expectancy, increase health equity, and respond intuitively to disease outbreaks and emerging health threats. A majority of services supported across USAID are delivered as components of primary health care.

Global Personal Emergency Response Systems Market: Restraint

Low awareness of services and low adoption of personal emergency response systems

Older patients with chronic diseases have less exposure to the use of e-health services as not frequent exposure to the use of mobile phones is expected to hamper the growth of the personal emergency response systems market. For instance, in August 2021, according to an article published in BMC Public Health, older adults often face unique challenges to accessing health services, including limited income or insurance, reduced mobility or disability, rural or remote location, and negative self-perceptions of aging (associated with lower health-related quality of life). Increasing awareness about e-Health services has substantial potential to improve access to, as well as support the provision of efficient and effective care for older adults

However, the COVID-19 pandemic had a positive impact on the global personal emergency response systems. Increase in care of personal with increase prevalence of Covid-19, led to increase in the demand for personal emergency response systems market. For instance, in September 2021, according to an article published in journal of Sensors, the importance of using wearable devices to monitor COVID-19 symptoms and provides a systematic review of the use of wearable’s in the healthcare system. The review discusses the types of wearables available, their accuracy in diagnosing patients, and the challenges that need to be overcome to make them more effective. These devices is used by the older pateints to carry out diagnosis during pandemic and can also used as personal equipment againt covid-19.